Jul 8, 2018

Brunei Darussalam received two recognitions as finalist for two awards during the 7th annual Global Inclusion Awards Ceremony. The event was co- organized by Child & Youth Finance International (CYFI), the Argentina’s G20 Presidency and The Global partnership for Financial Inclusion (GPFI) on 3 July 2018 at the Ritz-Carlton in Riyadh, Saudi Arabia. Brunei was nominated for top 3 finalist against Bhutan and Indonesia.

The Global Inclusion Awards 2018 recognized and honored those who achieved greatness in furthering the Economic Citizenship of children and youth at the national, regional and international level. All finalist demonstrated robust innovation in financial, social and livelihoods education, financial inclusion, and entrepreneurial support for children and youth. The award selected five regional winners for this award. The Global Inclusion Awards was judged by 8 Juries who have years of experience as practitioners in the areas of finance, child welfare and/or non-profit development.

Brunei Darussalam was praised for its approach in covering many different aspects of financial inclusion, such as creating a pilot program focused on entrepreneurs. The CYFI Country Award 2018 acknowledged Brunei Darussalam accomplishments of government authorities, Ministry of Education in building alliances among key national stakeholders initiating child and youth friendly financial regulation and expanding the reach of quality Economic Citizenship Education through formal and non-formal education channels.

Lambak Kiri Secondary School students get to play "Learning How to Budget" board-game in one of the local banks

On the same event, Brunei Darussalam was also nominated as finalists for Global Money week Award 2018. The award acknowledges efforts and accomplishments of countries in implementing “Global Money Week 2018” held between 12 - 18 March 2018 at the national level. The lead organisation for this event was Curriculum Development Department, Ministry of Education.

Brunei Darussalam has been commended for its playful approach. Many activities were organized, including ones which established international contact (Singapore) between students and events strengthening the relation between the people and the government.

The overall winner for Global Money Week Award 2018 was given to The Netherlands with national efforts lead by the Money Wise Platform, Ministry of Finance, Dutch Central Bank (DNB), Dutch Bankers Association and Dutch Association of Insurers. The Global Inclusion Awards 2018 for Asia-Pacific region was won by The Royal Monetary Authority of Bhutan.

Brunei Darussalam was represented by Awang Mohamad Izzul Asyraf bin Kamis, Third Secretary, Embassy of Brunei Darussalam in Riyadh, Saudi Arabia to receive the two certificates during the said event.